Friday, August 13, 2010
RELIANCE TREASURY STOCK SALES : BUZZZ....
Scrip Name: RELIANCE INDUSTRIES
Buy at Rs.950-1000 levels
Traget : Rs. 1130
Market Cap : Rs.318046 cr
52 Week High/Low : Rs.1129/Rs.910.30
Total Shares : 3270714336 shares; Promoters - 1463923343 shares - 44.74%
Book Value : Rs.392.41 ; Face Value - Rs.10; EPS - Rs.53.26;
P/E – 18.56; DIV (%)- 70%
Enterprise Value : Rs.1163.60 per share ; EV/EBITDA – 11.52;
There are the talks of Reliance selling its treasury shares worth Rs.3400 crs. About 4crs of treasury shares.Here are some of its past deals and the at present position of its treasury stocks..
DETAILS OF TRANSACTION
SEP 17 2009 – 1.50 cr shares @Rs.2125 = Rs.3188 cr in value a 0.91% of Stake.
(RIL bought at Rs.158 in year 2002)
JAN 04 2010 – 2.58 cr shares @Rs.1035 = Rs.2675 cr in value a 0.79% of Stake.
JAN 11 2010 – 3.30 cr shares @Rs.1050 = Rs.3465 cr in value a 1.00% of Stake.
A total of 7.38 cr shares @ Rs.9328 cr on an average of Rs.1263.95/share.
NAME OF SHAREHOLDER/SUBSIDIARY HOLDING RIL SHARES.
Reliance Universal Enterprise holding 5.69 cr shares (1.73%).
Reliance Polyelefins holding 6.12 cr shares (1.86%).
Reliance Chemicals holding 6.22 cr shares (1.89%).
Others holding 80 lakhs shares (.25%).
A total of 18.84 cr shares (5.73%). This also includes 12.05 cr shares or 3.67% held by Petroleum Trust.
At present RELIANCE has 30.89 cr shares (9.4%) of treasury stock including RIL shares held by its Subsidiary firms named above.NOW, at Current Market Price of Rs.1000 RIL’s Treasury stock are worth Rs.30,089 cr.